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Walmart downgraded to Accumulate from Buy at Gordon Haskett

17

May

30

May

01

Jun

WMTWalmart

$85.15

-0.92 (-1.07%)

05/17/18

BARD

05/17/18NO CHANGETarget $95BARDOutperform

Walmart Q1 results all in all very positive, says Baird

Baird analyst Peter Benedict noted Walmart reported Q1 results which beat both his and Street estimates. The analyst said results were driven by higher sales and better gross margins, but noted comps were a touch light, citing seasonal trends in April. He said the results were positive overall with better sales, gross margins, and e-commerce acceleration outweighing the slight U.S. comp deceleration. Benedict reiterated his Outperform rating and $95 price target on Walmart shares.

05/16/18

MKMP

05/16/18NO CHANGETarget $93MKMPBuy

Target to benefit from strong digital sales, says MKM Partners

MKM Partners analyst Patrick McKeever kept his Buy rating and $93 price target on Target Corp (TGT) ahead of its Q1 earnings next week. The analyst says the aggressive Street consensus for earnings is "doable" in spite of the negative impact from cold weather in the East, noting that the quarter will likely see more strong growth in digital sales driven by more "expedient" fulfillment and new orders. McKeever adds that despite the 12% run in the stock price year-to-date, its valuation is still 3.4 points below that of Walmart (WMT) on "overly pessimistic" investor sentiment. The analyst says Target remains his "Top Pick" in the space in 2018.

05/15/18

SPHN

05/15/18NO CHANGETarget $108SPHNOverweight

Walmart Q1 expectations achievable, says Stephens

Stephens analyst Ben Bienvenu said he believes that consensus expectations regarding Walmart's Q1 results are achievable, though he noted that e-commerce growth in the quarter may come in below the company's annual guidance for about 40% growth. Still, easier e-commerce comparisons as the year progresses make its annual goals doable and Bienvenu remains confident that Walmart is one of the best positioned retailers he covers, he tells investors. He maintains an Overweight rating and $108 price target on Walmart ahead of the company's earnings report due on Thursday.

05/10/18

LOOP

05/10/18NO CHANGETarget $87LOOPHold

Walmart price target lowered to $87 from $92 at Loop Capital

Loop Capital analyst Andrew Wolf lowered his price target on Walmart to $87 and kept his Hold rating after the company's $16B investment in Flipkart. The analyst is positive on the deal longer term, given that India's retail market is expected to grow at 9% per year over the next 5 years and in light of the company's minimal store presence in India. In the medium term however, Wolf says the investment will be "meaningfully dilutive" to earnings, weighing on the stock.